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February 4, 2020
Question

I forgot to file a K-1 for an investment that lost money in 2018. do i have to re-file my 2018 taxes to avoid having to pay taxes on making those losses back in 2019?

  • February 4, 2020
  • 1 reply
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1 reply

JohnB5677
February 4, 2020

You cannot make an adjustment in 2019 for something that happened in 2018.

 

To take advantage of the 2018 loss you will have to file an amended 2018 tax return.

 

If you used TurboTax Online, simply log in to your account and select “Amend a return that was filed and accepted.”

 

If you used our CD/download product, sign back into your return and select “Amend a filed return.” You must file a separate Form 1040X for each tax return you are amending.

 

Amend ONLINE     

 

Amend CD/Download

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